AutoNation, Inc. (NYSE:AN) Receives Average Recommendation of “Buy” from Analysts

Shares of AutoNation, Inc. (NYSE:ANGet Rating) have been given a consensus recommendation of “Buy” by the eight brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $146.71.

Several research firms have weighed in on AN. Truist Financial upgraded shares of AutoNation from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $140.00 in a research report on Monday, April 25th. JPMorgan Chase & Co. upgraded shares of AutoNation from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $140.00 to $130.00 in a research report on Thursday, April 7th. Morgan Stanley lowered their price objective on shares of AutoNation from $108.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, May 20th. Wells Fargo & Company raised their price objective on shares of AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Finally, StockNews.com upgraded shares of AutoNation from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Shares of AutoNation stock opened at $122.13 on Friday. The stock has a market capitalization of $7.50 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 0.20 and a beta of 1.14. The company has a quick ratio of 0.55, a current ratio of 1.16 and a debt-to-equity ratio of 1.51. The company has a 50-day simple moving average of $111.60 and a 200 day simple moving average of $113.40. AutoNation has a 12-month low of $88.32 and a 12-month high of $133.48.

AutoNation (NYSE:ANGet Rating) last announced its earnings results on Thursday, April 21st. The company reported $5.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.39 by $0.39. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.51 billion. AutoNation had a net margin of 5.60% and a return on equity of 59.93%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $2.79 EPS. On average, equities analysts anticipate that AutoNation will post 22.16 earnings per share for the current year.

In other AutoNation news, major shareholder Edward S. Lampert sold 13,210 shares of AutoNation stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $113.29, for a total value of $1,496,560.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP C Coleman Edmunds sold 10,185 shares of AutoNation stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $120.00, for a total transaction of $1,222,200.00. Following the completion of the transaction, the executive vice president now directly owns 23,857 shares in the company, valued at approximately $2,862,840. The disclosure for this sale can be found here. In the last quarter, insiders have sold 625,743 shares of company stock valued at $69,787,924. 0.64% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in AutoNation by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,820,370 shares of the company’s stock valued at $480,012,000 after buying an additional 123,772 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of AutoNation by 29.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,505,122 shares of the company’s stock worth $149,880,000 after purchasing an additional 338,288 shares in the last quarter. Invesco Ltd. lifted its position in shares of AutoNation by 4.2% in the first quarter. Invesco Ltd. now owns 908,463 shares of the company’s stock worth $90,466,000 after purchasing an additional 36,620 shares in the last quarter. Marshall Wace LLP lifted its position in shares of AutoNation by 745.6% in the fourth quarter. Marshall Wace LLP now owns 769,812 shares of the company’s stock worth $89,950,000 after purchasing an additional 678,780 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of AutoNation by 163.6% in the fourth quarter. Barclays PLC now owns 672,262 shares of the company’s stock worth $78,553,000 after purchasing an additional 417,243 shares in the last quarter. 84.44% of the stock is currently owned by hedge funds and other institutional investors.

About AutoNation (Get Rating)

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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Analyst Recommendations for AutoNation (NYSE:AN)

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